what is Non current assets.

Kind Attn :Dear Sir/Mam

Pls adv:

Our Vendor has deducted TDS on us. Details as follows:

Amt to be paid to vendor.......
less Commission given to us by vendor........
TDS Deducted by vendor.........
Total Payable by us to vendor..........

Kindly explain the Dr and Cr entries.

Thanks

Gurvinder Singh

1) If a creditor has credit balance as well as short term loans and advances are appearing in its name, can they be adjusted and a net position for the creditor be shown?

2) A debit balance for a creditor will be classified as short term loans and advances or other current liabilities?

Thankyou.

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